Nuvei Corporation, the Canadian fintech company, has partnered with Microsoft to improve payment experiences for customers of its products, solutions, and services across many of its key markets.
Microsoft will start using Nuvei customisable and agile payments technology in the Middle East and the Africa region. All the while, it will benefit from Nuvei’s deep knowledge of local markets to optimise its payments for recurring billing and individual transactions across both its Office and Xbox product ranges.
Other benefits of Nuvei’s global payments capabilities Microsoft is harnessing include optimised authorisation rates through local acquisition and superior risk management that minimise false declines. Furthermore, it will use Nuvei’s ability to offer all of the relevant local alternative payment methods (APMs) to each market through a single integration.
Philip Fayer, Nuvei chair and CEO said: “Enabling Microsoft to connect to its customers across a wide range of products is testament to our technology and dedication to world-class customer service. We’re excited to optimise payments for such a universal brand that is trusted and relied upon by so many people.”
“We’re pleased to extend our payment solutions to the Middle East and African region,” added Ajith Thekadath, vice president global payments at Microsoft. “Whether it is a one-off purchase, software subscription, or in-game purchasing, payments are critical to our overall customer experience. Partnering with Nuvei enables our customers to pay wherever they are and whenever they want to.”
Extending the partnership across geographies and use cases
Nuvei and Microsoft are committed to extending this partnership across additional markets. This is in addition to exploring new use cases to enhance the overall Microsoft experience. Microsoft Dynamics 365, its business applications technology suite that drives operational efficiency and improved enterprise resource management, is included in this.
Fayer added: “As two innovative, technology-led businesses that provide solutions to many of the leading international brands across the globe, it makes sense to explore how we can work more cooperatively as we grow our commercial relationship.”
